Why aren't they already transitioning to remote work? Is there a timeline in place? What are their criteria about what would trigger WFH? What about employees with elderly family members at home? Do they have the necessary systems in place to support a fully remote staff?
It's very likely that management has simply avoided thinking about the topic entirely. If the employees press them for a concrete action plan, then that at least prompts them to start engaging in objective analysis.
It's a massive multinational company, so I'm sure they're thinking about it. Technically no barriers to working from home (I do it every Friday), tempted to just start doing it every day, but would rather they made a formal decision on it first.
You're also asked to work from home for a while if any travelling family member from overseas visits, and if you have no reason to be in the office they won't say no if you just want to work at home and avoid public transport.
Hoping it doesn't cause a big hit to productivity because it's the right thing to do.